You take Rambus's PC800 number, and have to beat it, throw in a little marketting, and bam! PC1600/2100
No seriously though the PCxxxx rating on DDR SDRAM is it's peak bandwidth like Atlantean said.
PC2100 is DDR266, or a 133Mhz clock.
PC1600 is DDR200, or a 100Mhz clock.